Venture capital funding has hit a record high of £4.3 billion in the UK, a 45% increase on the same period in 2018.
According to Jessica Alderson, global research analyst at Workthere, last year’s funding focused on the healthcare industry, but tech is the popular sector this year.
The technology sector attracted 60% of all venture capital funding in H119, compared to 44% last year.
Workthere emphasises that UK markets have experienced a huge increase in take-up from serviced office providers who are seeing more value in startups and small businesses. Central London, for example, saw flexible office operators account for 762,188 square feet of take up in H119.
“Whilst overall venture capital investment in the UK has outpaced flexible office take up this year, there are some very obvious exceptions in the form of London, Aberdeen, Bristol, Edinburgh and Cambridge, where there seems to be a distinctive link between the two figures,” said Freddie Ward, associate director at Workthere.
